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Economy News - Page 28

Budget should focus on defence modernisation, address concerns over Make in India

While the recent liberalisation of Defence Procurement Policy in 2016 (DPP 2016) is a welcome move by the government, there are still concerns that remain.

Delhi HC order on sandal vs chappal row is reminder of how bizarre our tax system is

Many cases relating to indirect taxes (excise, customs and service tax) are over minor classification details – a strap on a footwear, buttons and zips on a dress, whether leftover pieces of steel used in something else is scrap or a steel sheet, whether a toothpaste with ayurvedic formulation is a medicated one or an ordinary one.

Tax officers, staff protest against GST, say its structure may lead to 'utmost' chaos

The associations said they believe in Constitutional methods of protests only to make their voices heard and to draw the attention of decision makers.

Arun Jaitley may raise service tax to 16-18%; brace for higher phone, hotel bills

While service tax until now is a central levy, it will be equally split between the Centre and states under the new GST regime.

From growth trend to black money menace: 10 parameters to assess Arun Jaitley's 2017 budget

The government no more enjoys the luxury of being able to initiate harsh reform measures as it is hardly a couple of years away from the 2019 polls.

Niti Aayog's Amitabh Kant lists 6 challenges and opportunities for Indian startups

Globalisation is the key to success and for that, it is important to dream big, said Kant.

GAAR to finally take effect from 1 April after 3 year delay

Seeking to assuage concerns of investors, CBDT said GAAR provisions shall be effective from assessment year 2018-19 onwards and "shall not be invoked merely on the ground that the entity is located in a tax efficient jurisdiction".

Crisil says Finance Minister should focus on job creation in Budget

The agency said over 1.5 million people are entering the job market every month and the rapid adoption of automation which reduces the dependency on labour is only aggravating the situation.

Demonetisation, GST to fetch more revenues to govt: FM Arun Jaitley

He said most contentious issues regarding the Goods and Services Tax (GST) have been sorted out between the Centre and states and the new indirect tax regime is at the final stages of implementation.

Pharma has six pain points; Budget 2017 should address them to boost growth

A few amendments announced by the Union Budget 2016 caused some concern for the pharma sector.

Expect GST roadmap in Budget and some indirect tax changes to align with tax reform

Investors brace for transaction tax hike, less friendly Budget

Among expected measures are a hike in a transaction tax on stock derivatives trading and a less beneficial approach to long-term capital gains tax exemptions, according to analysts.

Budget 2017: FM may cut taxes, lack of indirect-tax data may make it tough

Jaitley may in his February 1 Budget propose some changes in indirect tax rates on some products and services till such time that the GST takes over

Chanakya's way: 3 soft tricks Arun Jaitley may play to tax capital gains

India's overall taxpayer base in a nation of 125 crore (1.25 billion) people is only 48 million, or 4.8 crore -- or 3.8 percent of the population.

Financial planners' Budget wishlist: Raise I-T exemption, medical reimbersement

The slaried is paying higher fees and cross-subsidising Right To Education; the government should allow full waiver of tuition fees without any cap

How Budget 2017 can tackle healthcare issues without affecting fiscal math much

The Union Budget 2017 will should consider healthcare not as a short-term cost but as a long-term investment in the country’s human capital

Budget: Higher I-T exemption will boost household incomes, financial savings

Not only will the tax benefits boost savings and spending, it will also help deepen the mutual fund industry and capital markets

Exclusive: Ahead of Budget, here's a glimpse of what PM Modi may have planned for farmers

The measures suggested this time are intriguing because India has never adopted such a path since independence to reshape agricultural policy.

Black money: Rs 7,833 cr of political funding untraceable, so why target common man?

The Modi government can’t blame an old law to continue protecting dubious political funding.

Rs 10,000 cr startup fund: Sarkaari apathy is keeping many entrepreneurs away

The back-breaking hard work that the government needed to do to bring in start-up friendly reforms is largely done. Why not do just a little bit more to ensure better distribution of the intended benefits?

Chandrababu Naidu panel's pitch for tax on cash deals could be counterproductive

Refund of tax to those making digital payments is a good suggestion, but as they say the devil is in the details.

Service tax on health insurance is a deterrent; would it be cut in this budget?

Statistics reveal that around 80 percent of expenditure on health is through personal, out of pocket resources in India, which is an inefficient way of dealing with healthcare expenses.

Arun Jaitley plans expansive budget despite growth, revenue worries after demonetisation

Jaitley is looking at how to fund giveaways to taxpayers and higher public investment to help nurse the economy back to health after the government's shock decision in November to abolish high-value banknotes.

Note-ban gains may just be Rs 72,800 crore, says Motilal Oswal report

According to a report by domestic brokerage Motilal Oswal, the gains from demonetisation could just be a whimper of the initial projection at Rs 40,000 crore. Which means only around 3.5 percent of the cancelled money was not returned to the system or were black money

Property sales may fall 20-30% in 2017 on low demand: Fitch